Most Popular
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Yoon set for talks with Marcos in Philippines
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Can Jennie break the K-pop solo artist slump?
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Firefighters’ 3,000 won meals spark nutrition concerns
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From thrillers to animation: Netflix's 2025 Korean originals promise universal fun, fresh stories
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S-Oil supports children of fallen firefighters
S-Oil said Wednesday it has given scholarships to children of fallen firefighters from Yongsan Fire Station as part of its corporate social responsibility activities. A total 210 million won ($173,000) was evenly distributed to 70 children, according to S-Oil. S-Oil has presented scholarships to children of fallen firefighters since 2006 under its Hero Firefighter Program. The program is aimed at helping the recipients to overcome emotional trauma and focus on their studies, the firm said.
Aug. 28, 2019
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As Japan lowers Korea’s trade status, Seoul announces W5tr plan to boost materials capacity
With the effectuation on Wednesday of a Japanese government resolution effectively downgrading South Korea’s trade status, the Korean government pledged to spend 5 trillion won ($4.1 billion) to increase its own capabilities in the development of key industrial materials. President Moon Jae-in’s office, Moon’s governing Democratic Party and relevant government agencies announced a comprehensive research and development strategy to reduce the country’s reliance on Japane
Aug. 28, 2019
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SK Innovation’s PR campaign attains over 14 million views
SK Innovation, the chemical arm of South Korea’s third-largest conglomerate SK Group, said Wednesday that its latest public relations campaign on innovation has topped 14 million views within 10 days of its launch. The campaign, titled “Innovation is Natural to Us,” was uploaded Aug. 19 on YouTube, Facebook and major broadcasting channels. It featured eco-friendly business items such as solar-powered gas stations, high-performance electric car batteries and ultralight car mater
Aug. 28, 2019
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Daewoo E&C seeks new opportunities in Vietnam with CC1
Daewoo Engineering and Construction will expand its presence in Vietnam by starting new businesses in collaboration with the Southeast Asian country’s major construction firm CC1, the company said Wednesday. Daewoo E&C and CC1 signed a memorandum of understanding at the Korean company’s headquarters in Euljiro, central Seoul, on Friday, under which the two partners will exchange information about biddings in the Korean and Vietnamese markets and seek new businesses together. CC1
Aug. 28, 2019
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Hyundai Steel opens steel experience corner at Kidzania
South Korean steelmaker Hyundai Steel said Wednesday it has opened a steel experience center at Kidzania Seoul, where children can roleplay as steel researchers for a day. The center allows children to learn about the role and importance of steel in daily lives. Children will be able to see and touch raw materials like iron ore and coal, and see the different steel parts that go into cars. According to Hyundai Steel, this is the first such center in the steel industry.The company said the
Aug. 28, 2019
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Kumho Tire rebounds to posting surplus in Q2
Kumho Tire announced Wednesday it had achieved an operating profit after 2 1/2 years of losses.The tiremaker said it posted a surplus of 24 billion won ($19.8 million) in operating profit in the second quarter this year. Combined with its 9.1 billion won in profit in the first quarter, that overcomes the 29.7 billion won in operating loss last year. Its debt-to-equity ratio also fell from 354.87 percent in March last year to 205.12 percent the same time this year. The company attributed its curr
Aug. 28, 2019
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Gmarket curates Chuseok gift ideas for expats in Korea
An estimated 1.7 million expatriates reside in Korea, according to the latest figures from the Ministry of Justice. More among the foreign population shop for groceries online via locally operated platforms, where there are options to shop vegetarian, omnivorously or halal. Reflecting the growing demand from foreign consumers, local online marketplace Gmarket, operated by eBay Korea, said Wednesday that it has launched the Hansoowe Gift Set, with curated and discounted gift items exclusive to th
Aug. 28, 2019
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SKT T1 and Griffin to fight for crown at LCK Summer 2019
League of Legends teams Griffin and SKT T1 will fight for the crown in the final match of summer season of LoL Champions Korea 2019 on Saturday at 5 p.m. at Korea University Hwajeong Gymnasium. All 3,500 seats sold out minutes after ticket sales opened Monday, but those wishing to watch the game from home or via mobile devices can do so through SK Telecom, KT and LG Uplus’s multiview livestreaming of the match.The winning team for LCK Summer 2019 will take home 100 million won ($82,00
Aug. 27, 2019
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Hanmi claims strong novel drug pipelines
Hanmi Pharmaceuticals on Tuesday said its work to develop novel drug pipelines was continuing at a steady pace as part of the company’s ongoing efforts to enter the world stage. Hanmi currently has about 30 innovative novel drug pipelines, including potential treatments for nonalcoholic steatohepatitis, better known as fatty liver disease, as well as some rare incurable diseases. Hanmi shares had recently tumbled upon news of successive decisions by big global pharmas to return licensing r
Aug. 27, 2019
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Hyundai Glovis opens Chongqing office to bolster network in China
Hyundai Glovis, the logistics arm of Hyundai Motor Group, said Tuesday that it has opened a logistics office in Chongqing, central China, to expand its base in the mainland. By opening an additional office there, the company said it has secured a total of 14 logistics points in China, including offices in Beijing, Shanghai and Shenzhen.According to the company, Chongqing serves as a major industrial base, as the Trans-China Railway en route to European countries including Germany passes thr
Aug. 27, 2019
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Meeting between SK, Posco chiefs hints at possible battery partnership
The private meeting between SK Group Chairman Chey Tae-won and Posco Chairman Choi Jeong-woo two weeks ago has raised the possibility that the two conglomerates may partner for battery development.The two met in Seoul on Aug. 13, both companies confirmed Tuesday without elaborating. They were accompanied by 10 top management officials from the groups’ energy, chemical and telecom units. According to local reports and industry insiders, those who attended included SK E&S CEO
Aug. 27, 2019
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Samsung remains most valuable S. Korean brand
Samsung Electronics has retained its top position in terms of brand value, a report by a British industry tracker showed Tuesday.According to Brand Finance, the brand value of Samsung Electronics was 83.2 trillion won ($68.6 billion) this year, down 6.3 percent from a record high of 88.8 trillion won last year. The brand rating of the world’s largest memory chip and smartphone maker dropped to AAA from AAA+, it added.The tech giant’s parent company, South Korea’s largest conglo
Aug. 27, 2019
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HDC Hyundai Development Company plans to revamp Yongsan
HDC Hyundai Development Co. said Tuesday it plans to develop a new underground square near Yongsan Station, under a build-transfer-operate agreement signed with the Yongsan District Office. Build-transfer-operate refers to public or private entities’ financing of private firms to build and operate a facility. The Yongsan District Office and HDC signed the agreement on Dec. 20 last year to build the 22,505-square-meter underground square.According to the company, the square will connect to
Aug. 27, 2019
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Antitrust regulator chief nominee plans to check Google, Apple, Naver
The nominee to lead South Korea’s antitrust watchdog said she would look closely into unfair business practices related to information and communication technologies amid the emergence of online platforms and big data. “In order to back the innovative ecosystem in line with new economic trends, such as the development of the digital economy and the growth of platform companies, antitrust authorities are required to approach the industry with a balanced perspective,” Joh S
Aug. 27, 2019
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Michigan congressman visits SK Saran Americas in Midland
A Michigan congressman on Monday visited the main facility of SK Saran Americas, part of SK Global Chemical Americas, which produces chemical resin, according to SK Innovation, owner of the chemical unit. SK Innovation said Rep. John Moolenaar toured SK Saran Americas in Midland, Michigan, accompanied by Jay Kim, president of SK Global Chemical Americas, and Steve Persyn, site leader for SK Saran Americas. The company employs more than 40 people at the Midland facility and the chemical resi
Aug. 27, 2019
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Thailand: Tech edge will lure Korean firms
BANGKOK -- South Korean businesses are increasingly entering promising Southeast Asian markets, but the number of Korean companies operating in Thailand is still far lower than that in Vietnam, for instance, where more than 3,000 Korean companies operate. There are currently around 400 Korean companies operating in Thailand, which is Korea’s 18th-largest trade partner in the world and the third-largest market for Korean companies in Southeast Asia, after Vietnam and Indonesia. “Korea
Aug. 27, 2019
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[Newsmaker] Kolon TissueGene at brink of delisting, W489.6b at risk of vaporizing
Shares of Kolon Group affiliates took a dip Tuesday, following the Korea Exchange’s announcement that it has tentatively to delist Kolon TissueGene. Kolon TissueGene, which had traded at 75,000 won ($62) at its peak, stands at 8,010 won per share, with trading halted and not taking place Tuesday. Kolon LifeScience, the umbrella company of TissueGene, closed at 21.82 percent lower than the previous day at 17,200 won. Kolon fell 5.41 percent. The Korea Exchange (KRX) made the decision the pr
Aug. 26, 2019
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Hyundai Heavy unit bags 410 bln won in orders for 5 ships
Hyundai Samho Heavy Industries Co., a local shipbuilder, said Monday it has won orders to build five ships -- two liquefied petroleum gas carriers and three petrochemical carriers -- for some 410 billion won ($337 million) combined.Under a deal with an unidentified Asian customer, Hyundai Samho will build two LPG carriers with a cargo capacity of 84,000 cubic meters by November 2021 for 197.3 billion won. The company added it has also secured a 211 billion-won order from a separate Asian sh
Aug. 26, 2019
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[Advertorial] LG Chem aims global top with high-value products
LG Chem said Monday it has reached 30 trillion won ($24.6 billion) in sales this year, following its achievement of being named among the global top 10 chemical companies of 2018 in a magazine published by the American Chemical Society.LG Chem said it now seeks a spot in the global top five by achieving 59 trillion won in sales and a double-digit operating profit margin by 2024.To do so, LG Chem said the petrochemicals sector will continue its investments in high-value products, including synthe
Aug. 26, 2019
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SK chief urges businesses to create social value in Chongqing
SK Group Chairman Chey Tae-won on Monday called for businesses to generate social value through technological innovation at a state-sponsored expo in the western Chinese city of Chongqing.During his opening speech at the Smart China Expo 2019, Chey said technological innovation would not only enhance the sustainability of companies but also maximize their capabilities in creating social value to help communities solve problems.“The theme of the expo, ‘Smart Technology: Empowering Eco
Aug. 26, 2019